NFT Sales Rose 23% Past Week

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The global non-fungible token market continued flourishing despite suffering massive skepticism and criticism this past week. Earlier last week, Andrew Tate, a renowned social media influencer and viral sensation, tarnished the crypto and NFT sectors, calling them scams. Tate’s skepticism hasn’t prevented the NFT market from flourishing.

Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the NFT market has seen a short spike in the past week. In the past seven days, the global non-fungible token market has recorded a sales volume of $90 million, representing a 23.19% rise from the previous week.

Non-fungible token hosted on Ethereum, the largest blockchain network for NFTs, has been the top traded NFT collection in the past week. In the past week, Ethereum-based NFTs have attracted a trading sales volume of $57.6 million. Ethereum-based NFTs rose 50.36% last week from the previous week.

Mythos Chain and Solana-based NFT collections were the second and third most traded NFT collections this past week. In the past seven days, Mythos Chain-based has attracted a trading sales volume of $7.4 million, while Solana-based NFTs recorded a trading sales volume of $6.6 million.

Bitcoin Ordinals and Polygon-based NFT collections were the fourth and fifth most traded NFT collections this past week. In the past week, non-fungible token collection pegged on the Bitcoin network recorded a trading sales volume of 5.8 million, while Polygon NFTs amassed a sales volume of $4.9 million.

Five Most Traded NFTs Past Week

Source: CryptoSlam.io, top selling NFTs past week

1. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, an NFT collection from the digital asset firm Yuga Labs that features a limited edition of 10,000 NFTs hosted on Ethereum net, was the top most traded NFT collection this past week. In the past seven days, the NFT collection has recorded a sales volume of $8.4 million. The NFT collection rose 108% from the previous week.

2. DMarket NFTs

DMarket, an NFT collection hosted on Mythos Chain, was the second most traded NFT collection in the past week. In the past seven days, the DMarket NFT collection has attracted a sales volume of $7.3 million. DMarket NFT collection fell 22.45% last week from the past week.

3. The Captainz NFTs

The Captainz, an NFT collection from the web3-focused venture studio Memeland featuring a limited set of 9,999 NFTs hosted on the Ethereum network, was the third most traded NFT collection past week. In the past seven days, the NFT collection has recorded a trading sales volume of $4.2 million. The NFT collection rose 184% this past week.

4. CryptoPunks NFTs

CryptoPunks, an NFT collection previously from the digital asset firm Larva Labs featuring a limited edition of 10,000 NFTs but now owned by digital asset firm Yuga Labs, was the fourth most traded NFT collection this past week. In the past seven days, the NFT collection has recorded a trading sales volume of $4.1 million. The NFTR collection rose 91% this past week.

5. Mutant Ape Yacht Club NFTs

Mutant Ape Yacht Club, an NFT collection from the digital asset firm Yuga Labs featuring a limited set of 20,000 hosted on Ethereum, was the fifth most traded NFT collection this past week. In the past seven days, the NFT collection has recorded a trading sales volume of $3.8 million. The NFT collection rose 120% this past week.

Voting Token Vesting Plans #02 was the most expensive NFT collection this past week, selling for $206,917 three days ago. Cardanians Loyalty Two #0095 was the second most traded NFT collection past week, selling for $186,613 three days ago. Matic Atlantic Straddle #4157 was the third most traded NFT collection, selling for $99,936 four days ago.

Source: CryptoSlam.io, most expensive NFTs past week

Noteworthy NFT Happening Past Week

1. Andrew Tate Destroyed NFTs

Earlier last week, Andrew Tate, a renowned social media influencer and viral sensation, expressed his skepticism towards the crypto and non-fungible tokens. The controversial social media influencer created a short video voicing his criticism of crypto and NFTs. In the twelve-minute video on Rumble, Tate called NFTs and crypto scams.

Watch the full Tatespeech video exclusively on Rumble:
https://t.co/SSAlVCe3fT https://t.co/ZZD740Fbvf

— Andrew Tate (@Cobratate) October 26, 2023

The NFT Market Prediction

The NFT market is back in action after suffering a brutal comedown in the past several months. The market is anticipated to continue booming in the coming weeks or months. Data from Statista recently forecasted the NFT market to reach $3.2 billion by 2027, rising from $1.6 billion in 2023. The NFT market is expected to expand at a compound annual growth rate of 18.55%.